Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

MaryMagdaline

(6,853 posts)

6. Agree. Home care could be 6O to 70k per year per person

Reply to democratisphere (Reply #1)

Sun Jun 23, 2019, 11:38 AM

Jun 2019

If outside aids are needed, the cost could well exceed the value of the real estate. If adult child is the caretaker (not clear from the post) he or she will earn the house through caregiving. It is exhausting, 24 hour per day work. If adult child is paying for aids with his/her own funds, the cost could well exceed a typical mortgage payment.

Edit history

Please sign in to view edit histories.

11 replies

= new reply since forum marked as read

Highlight:

Selling home to 1 of 4 siblings. How to be fair? [View all] 3Hotdogs Jun 2019 OP

Even swap. democratisphere Jun 2019 #1

Agree. Home care could be 6O to 70k per year per person MaryMagdaline Jun 2019 #6

We are not looking for care. Mostly a guaranteed place to live. They want the house as a guaranteed 3Hotdogs Jun 2019 #8

Got it. Comments of others here make more sense, then MaryMagdaline Jun 2019 #11

We would not expect care except for looking in on us and the usual shared meals 3Hotdogs Jun 2019 #7

Get a trusted lawyer and financial adviser. rickford66 Jun 2019 #2

My parents always helped the one who needed it. LakeArenal Jun 2019 #3

Very complicated situation, with many questions. enough Jun 2019 #4

We are mostly looking for a guaranteed place to live. They would not be allowed to sell the house. 3Hotdogs Jun 2019 #9

After the final value is figured, 1/4 to each of the other three. keithbvadu2 Jun 2019 #5

Selling the house now, will hopefully prevent a problem with Medicaid when we do decline. 3Hotdogs Jun 2019 #10